secwatch.observer — SEC 8-K summary
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Issuer:     Erasca, Inc. (ERAS)
CIK:        0001761918
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0001193125-24-141066
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Erasca prices $160M common stock offering of 86.5M shares at $1.85/share
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- Gross proceeds ~$160M; net proceeds ~$151.6M (or ~$174.4M if underwriters' option exercised).
- Underwriters granted 30-day option to buy up to 12,972,972 additional shares at same price.
- Offering expected to close May 21, 2024; net proceeds to fund R&D and working capital.
- Existing cash plus net proceeds from this and April 2 private placement fund operations into first half 2027.
- J.P. Morgan and BofA Securities act as joint book-running managers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761918/000119312524141066/0001193125-24-141066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761918/000119312524141066/d815150d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-141066

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